#BTCHalvingApril2024 #btc After the weekly opening, Bitcoin has once again reached the $70K level.
For over a year, those expecting a much larger collapse with each correction have been left empty-handed.
Is this the strongest bull season?
The selling pressure created by those unloading after the acceptance of spot Bitcoin ETFs is being met by several major companies.
BlackRock and Fidelity are leading the charge in this regard.
According to the latest data, BlackRock has reached 259,381 BTC. Fidelity holds 149,339 BTC.
When compared to past bull seasons, Bitcoin is making quite modest corrections, as can easily be seen in the chart I've shared.
The chart I shared compares the depth of pullbacks (corrections) Bitcoin has experienced during bull seasons.
Throughout the current bull season, BTC has not experienced a correction deeper than 20% and has also surpassed its previous peak. And that's before a halving.
Bitcoin is strong. #BTCETF
